Multi-family

Located at 329 Grand Street, this 3-story retail and residential property offers an outstanding investment opportunity in Manhattan’s vibrant Lower East Side. Featuring a blend of storefront retail space and residential units, this versatile property is well-suited for a range of uses in a high-demand area.

Property Overview:

• Address: 329 Grand Street, New York, NY 10002
• Asking Price: $4,600,000 ($1,141.63/SF)
• Property Type: 2-Star Retail Storefront Retail/Residential
• Location: Central Business District (CBD), Lower East Side
• Gross Leasable Area (GLA): 3,495 sq. ft.
• Stories: 3
• Typical Floor Size: 1,165 sq. ft.
• Building Height: 37 ft.
• Class: C
• Docks: None
• Construction: Masonry

Key Features:

Prime Lower East Side Location:
Situated in a bustling neighborhood, this property enjoys excellent visibility and foot traffic. The Lower East Side is known for its diverse community, trendy restaurants, boutique shops, and cultural attractions, making it a sought-after destination for both residents and businesses.

Flexible Mixed-Use Configuration:
The combination of retail storefronts and residential space offers multiple revenue streams and adaptability for various uses. Retail tenants benefit from a prominent street-facing position, while residential units cater to the area’s high rental demand.

Solid Construction and Design:
Built with durable masonry, this property is a reliable and low-maintenance investment. Its manageable size and layout provide opportunities for customization or enhancement to maximize income potential.

Investment Potential:
At $1,141.63 per square foot, this property represents a competitive value in Manhattan’s real estate market. Its central location and mixed-use nature make it an ideal choice for investors looking to secure a long-term, appreciating asset.

Conclusion:
329 Grand Street is a rare offering in the Lower East Side, combining retail and residential spaces in one of Manhattan’s most dynamic neighborhoods. Whether you’re looking to expand your investment portfolio or establish a business in a thriving area, this property delivers exceptional potential. Don’t miss this chance to acquire a versatile and well-located asset in New York City!